
MarketMinute | Fed Rate Hikes Possible in 2022
The Fed didn't raise policy rates at this week's meeting but did signal a possible March hike. Markets are now pricing in up to 6 hikes in 2022. Economic growth accelerated by more than forecast in the 4th quarter, fueled by the rebuilding of inventories and a pickup in consumer spending. Fewer workers applied for unemployment benefits last week, a sign the job market continues to recover from the impact of COVID-19. Case-Shiller reports home prices surged 18.8% year-over-year in November, even as the housing market entered a normally slower...
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